Eight Capital Cuts Hudbay Minerals (HBM) Price Target to C$13.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective trimmed by Eight Capital from C$13.50 to C$13.00 in a research note released on Thursday.

HBM has been the subject of several other reports. TD Securities dropped their price target on Hudbay Minerals from C$17.00 to C$15.00 and set an action list buy rating for the company in a research note on Monday, April 2nd. BMO Capital Markets upped their price target on Hudbay Minerals from C$11.25 to C$12.00 in a research note on Tuesday, January 23rd. CIBC upped their price target on Hudbay Minerals from C$14.00 to C$16.00 in a research note on Monday, January 22nd. Royal Bank of Canada dropped their price target on Hudbay Minerals from C$14.00 to C$13.00 and set an outperform rating for the company in a research note on Wednesday, February 28th. Finally, National Bank Financial restated a sector perform rating on shares of Hudbay Minerals in a research note on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of C$12.95.

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HBM stock opened at C$9.39 on Thursday. Hudbay Minerals has a 1-year low of C$6.13 and a 1-year high of C$12.65.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.34 by C($0.01). Hudbay Minerals had a return on equity of 19.07% and a net margin of 24.07%. The business had revenue of C$526.00 million during the quarter, compared to the consensus estimate of C$513.30 million.

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, March 9th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, March 8th. This represents a dividend yield of 0.1%.

In other news, insider Gmt Capital Corp sold 7,300 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of C$9.45, for a total transaction of C$68,985.00. Insiders have sold a total of 105,500 shares of company stock valued at $875,109 over the last quarter.

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About Hudbay Minerals

Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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